Prism Stocks making the biggest moves premarket: Lilly, 3M, McDonald’s and more

Here’s a quick scan of the significant corporate news before the market opens.


— The renowned fast-food chain’s stock dipped nearly 2% during premarket trading as it missed analysts’ quarterly earnings expectations with a slump in same-store sales. The global sales grew 1.9%, failing to meet the anticipated 2.1% growth.


— The automaker, which manufactures Jeep, witnessed a 3.6% drop in shares as its revenue fell short of predictions. The first-quarter revenue dipped 12% due to a reduction in sales and foreign exchange impacts despite solid net pricing.


— The beverage giant’s shares dropped about 0.4% even as its first-quarter results slightly surpassed expectations. Coca-Cola reported 72 cent adjusted earnings per share on revenue worth $11.30 billion. The revenue growth was driven by increases in pricing and product variation.


— The shares of the electric vehicle innovator dipped 1.9% in premarket trading following a 15.3% surge as some investors cashed in on gains. The plunge came amidst the company’s approval from China to launch its advanced driver-assistance service technology.


— Europe’s leading bank, HSBC reported a 4.2% increase in shares post surpassing first-quarter earnings expectations and announced the exit of its Group Chief Executive Officer, Noel Quinn. The bank also confirmed its 2024 financial guidance.

Eli Lilly

— The pharmaceutical firm’s shares surged nearly 7% after it reported first-quarter adjusted earnings of $2.58 per share, outperforming analysts’ forecast. The company also revised its full-year guidance for adjusted earnings and revenue.


– The shares of the industrial products manufacturer jumped 7.7% after the company posted earnings of $2.39 per share on revenues worth $7.72 billion. The company also announced a cut in its dividend, which had been increased for 64 consecutive years, post spinning off its healthcare unit.

Share This Article


About the Author

Prism Stocks making the biggest moves premarket: Lilly, 3M, McDonald’s and more

Editor Prism MarketView